BETHEL AUTOMOTIVE SAFETY SYSTEMS CO., LTD Financials Bethel Automotive Safety Systems Co., Ltd
Equities
603596
CNE1000030Y7
Auto, Truck & Motorcycle Parts
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 37.09 CNY | -0.62% |
|
+3.40% | -25.07% |
| Apr. 29 | Bethel Automotive Safety Systems Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 23 | Bethel Automotive Safety Systems Establishes Singaporean Subsidiary | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,193 | 13,931 | 28,436 | 32,864 | 30,053 | 22,497 | - | - |
| Enterprise Value (EV) 1 | 9,193 | 13,931 | 28,436 | 31,245 | 28,060 | 19,972 | 19,406 | 17,753 |
| P/E ratio | 23 x | 30.3 x | 56.6 x | 47.2 x | 32.2 x | 19.6 x | 14.6 x | 11.9 x |
| Yield | - | - | 0.18% | 0.42% | 0.49% | 0.9% | 1.12% | 1.36% |
| Capitalization / Revenue | 2.91 x | 4.58 x | 8.14 x | 5.93 x | 4.02 x | 2.3 x | 1.84 x | 1.5 x |
| EV / Revenue | 2.91 x | 4.58 x | 8.14 x | 5.64 x | 3.75 x | 2.04 x | 1.59 x | 1.19 x |
| EV / EBITDA | - | 20.9 x | 41.2 x | 34.3 x | 22.6 x | 12.3 x | 9.34 x | 6.9 x |
| EV / FCF | - | - | 188 x | 174 x | -79.3 x | 13.2 x | 23.2 x | 8.91 x |
| FCF Yield | - | - | 0.53% | 0.58% | -1.26% | 7.59% | 4.31% | 11.2% |
| Price to Book | - | 5.19 x | 8.52 x | 8.07 x | 5.29 x | 3.36 x | 2.83 x | 2.33 x |
| Nbr of stocks (in thousands) | 571,985 | 569,934 | 571,985 | 576,558 | 607,135 | 606,546 | - | - |
| Reference price 2 | 16.07 | 24.44 | 49.71 | 57.00 | 49.50 | 37.09 | 37.09 | 37.09 |
| Announcement Date | 4/1/20 | 4/8/21 | 4/8/22 | 3/21/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,157 | 3,042 | 3,492 | 5,539 | 7,474 | 9,779 | 12,237 | 14,965 |
| EBITDA 1 | - | 667.8 | 690.1 | 911.1 | 1,241 | 1,622 | 2,078 | 2,574 |
| EBIT 1 | 529.3 | 564.6 | 574.6 | 748.1 | 1,015 | 1,341 | 1,753 | 2,213 |
| Operating Margin | 16.77% | 18.56% | 16.45% | 13.51% | 13.59% | 13.71% | 14.33% | 14.79% |
| Earnings before Tax (EBT) 1 | 527.5 | 563.8 | 576.2 | 762.9 | 1,017 | 1,308 | 1,708 | 2,116 |
| Net income 1 | 401.5 | 461.5 | 504.5 | 698.7 | 891.5 | 1,139 | 1,481 | 1,839 |
| Net margin | 12.72% | 15.17% | 14.45% | 12.61% | 11.93% | 11.64% | 12.1% | 12.29% |
| EPS 2 | 0.7000 | 0.8071 | 0.8786 | 1.207 | 1.536 | 1.894 | 2.547 | 3.123 |
| Free Cash Flow 1 | - | - | 151 | 179.9 | -354 | 1,516 | 836.5 | 1,994 |
| FCF margin | - | - | 4.32% | 3.25% | -4.74% | 15.5% | 6.84% | 13.32% |
| FCF Conversion (EBITDA) | - | - | 21.89% | 19.74% | - | 93.41% | 40.26% | 77.46% |
| FCF Conversion (Net income) | - | - | 29.94% | 25.74% | - | 133.1% | 56.5% | 108.39% |
| Dividend per Share 2 | - | - | 0.0914 | 0.2421 | 0.2429 | 0.3350 | 0.4156 | 0.5029 |
| Announcement Date | 4/1/20 | 4/8/21 | 4/8/22 | 3/21/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,164 | 1,014 | - | 1,595 | 3,094 | 2,011 | 2,368 | 1,860 | 2,104 | 2,653 | 3,125 | 2,488 | 2,646 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | 172.3 | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | 0.3000 | - | - | - | 0.5071 | 0.3429 | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/8/22 | 4/29/22 | 4/27/23 | 8/28/23 | 8/28/23 | 10/27/23 | 3/27/24 | 4/29/24 | - | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 1,619 | 1,993 | 2,524 | 3,091 | 4,744 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 151 | 180 | -354 | 1,516 | 837 | 1,994 |
| ROE (net income / shareholders' equity) | 19.2% | 18.7% | 16.2% | 18.1% | 18.9% | 17.3% | 18.8% | 19.4% |
| ROA (Net income/ Total Assets) | - | 10.3% | 9.24% | 9.38% | 9.19% | 9.22% | 9.64% | 10.4% |
| Assets 1 | - | 4,500 | 5,462 | 7,448 | 9,697 | 12,346 | 15,365 | 17,767 |
| Book Value Per Share 2 | - | 4.710 | 5.840 | 7.070 | 9.350 | 11.00 | 13.10 | 15.90 |
| Cash Flow per Share 2 | - | 1.020 | 0.7600 | 1.360 | 1.120 | 2.750 | 2.740 | 3.890 |
| Capex 1 | 263 | 172 | 282 | 605 | 1,032 | 723 | 755 | 810 |
| Capex / Sales | 8.32% | 5.65% | 8.08% | 10.92% | 13.81% | 7.39% | 6.17% | 5.42% |
| Announcement Date | 4/1/20 | 4/8/21 | 4/8/22 | 3/21/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
37.09
CNY
Average target price
59.46
CNY
Spread / Average Target
+60.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -25.07% | 3.1B | |
| -0.79% | 3.85B | |
| -8.38% | 2.4B | |
| +37.34% | 2.26B | |
| +106.82% | 2.02B | |
| -30.73% | 1.96B | |
| -9.94% | 1.43B | |
| -25.23% | 1.09B | |
| -30.47% | 938M | |
| +21.11% | 911M |
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